CCBJ-Aug-Sep-2013.zip

CCBJ Vol VI No 08-09: Carbon Markets Overview 2013

Despite disappointing global climate negotiations, the movement toward carbon pricing continues both within and outside of the United Nations framework. CCBJ's review of global trends in carbon pricing finds many positive trends, including regional emissions trading systems in China and action by developing and emerging economies from Chile to Kazakhstan. Sub-national entities like California and Quebec are pursuing bilateral linkages while nations make unilateral pledges while staying connected to the UN process. Key decisions on allocation levels (which determine pricing) are still pending in most systems, but 2014 will be crunch time as countries formalize commitments leading up to the pivotal December 2015 UN meeting. While carbon prices continue to waver in established trading and offset systems, many policymakers press on, perhaps sensing the inevitability of a global pricing system: Examples of progress in China (p.12), California (p.17), post-CDM (p.18), voluntary markets (p.22), South Korea (p.26), Chile (p.30), Japan (p.32), the future of global policy (p.28), wetlands carbon (p.34), carbon efficiency in transition economies (p.37) and Brazil (p.42).

CCBJ's review of carbon policy, carbon trading, carbon taxes and other measures being used to monetize carbon emissions in some form in national, sub-national and regional schemes.

Features:

Carbon Markets Endure Bumpy Roads, But New Paths Emerging

Much is at Stake in the Evolution of GHG Policy and Carbon Markets in China